Sterling rose just over 0.5% against the dollar on Monday as improved market sentiment reduced demand for safe-haven assets. Brent crude fell after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, although attacks on ships near the Strait of Hormuz kept supply concerns in focus.
A weaker dollar supports dollar-denominated commodity prices, while easing oil prices can reduce energy and freight costs for feed supply chains. Continued disruption risk near the Strait of Hormuz could limit the oil decline.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.